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Loans: Applying and Repaying
… what the repayment amount would be and if your loan will be taxable. You can also find your current loan balance … in to your Retirement Online account , then look under ‘My Account Summary’ to see the available self-service loan … Loan If you retire with an outstanding loan, your pension will be reduced. The pension reduction amounts are …
https://www.osc.ny.gov/retirement/members/loans-applying-and-repayingRetiree Annual Statement
… Annual Statement provides a year-end summary of your pension payments for the last calendar year, including the … Retirement Online sooner than printed copies are mailed—we will notify you by email when your Statement is available. … your Statement: Sign in to Retirement Online . Look under My Account Summary . Click View My Retiree Annual Statement …
https://www.osc.ny.gov/retirement/retirees/retiree-annual-statementTaxes and Your Pension
… Most NYSLRS pensions are subject to federal income tax. Your federal tax withholding is the amount of federal … information. Sign in to Retirement Online. Look under My Account Summary . Click Update My W-4P Tax Information …
https://www.osc.ny.gov/retirement/retirees/taxes-and-your-pensionDiNapoli: New Yorkers Could Lose $72B in Reported State and Local Tax Deductions Under Trump Plan
… stand to lose more than $72 billion in reported deductions for income and property taxes if proposals to change the … in Tompkins County State and local income taxes and real estate taxes represent the categories with the highest levels …
https://www.osc.ny.gov/press/releases/2017/10/dinapoli-new-yorkers-could-lose-72b-reported-state-and-local-tax-deductions-under-trump-planDeduction Codes – Payroll Manual
… Deduction Codes …
https://www.osc.ny.gov/state-agencies/payroll/payrollmanual/deduction-codesState Agencies Bulletin No. 1275
… To notify agencies of the new deduction codes 616 PAF Retirement Before Tax (PAF BTX) and 618 PAF Arrears Before … the payroll system registered in Tiers 3, 5 and 6 of the NYS Police and Fireman Retirement System who currently have …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1275-new-deduction-code-616-paf-retirement-tax-paf-btx-and-new-deductionDiNapoli: Loss of Federal Deductions in Trump Tax Plan Could Hurt New York's Middle Class Taxpayers
… Major changes to the federal tax code being considered by the President and … reported by New Yorkers on their federal taxes, according to a report released today by State Comptroller Thomas P. … stakes are high for New Yorkers if these changes are made to the federal tax code," DiNapoli said. "There is a distinct …
https://www.osc.ny.gov/press/releases/2017/07/dinapoli-loss-federal-deductions-trump-tax-plan-could-hurt-new-yorks-middle-class-taxpayersBorrowing Against Your Contributions – State Police Plan
… when borrowing against your contributions: You must be in active service and have at least one year of member … to see the available self-service loan features. By Mail: Print a loan application from our Forms page and mail your completed and notarized application to NYSLRS. …
https://www.osc.ny.gov/retirement/publications/1518/borrowing-against-your-contributions-0Mandatory Service Credit Purchase Payments – Enhanced Reporting
… income tax purposes because they are covered under Section 414(h) of the Internal Revenue Code. Mandatory purchases of ERS … on or after October 1, 2013, are covered under Section 414(h). When a member owes mandatory member contributions, …
https://www.osc.ny.gov/retirement/employers/enhanced-reporting/mandatory-service-credit-purchase-paymentsNew York State Comptroller Thomas P. DiNapoli Statement on Executive Budget Proposal
… state faces many challenges ahead. While personal income tax collections were strong in December, the future is clouded with uncertainty. The federal tax bill’s impact on New York’s budget is yet to be … capacity are also growing concerns. "In the coming weeks, my office will thoroughly review the Executive Budget, …
https://www.osc.ny.gov/press/releases/2018/01/new-york-state-comptroller-thomas-p-dinapoli-statement-executive-budget-proposalBorrowing Against Your Contributions – Special 20- and 25-Year Plans
… eligibility requirements and have member contributions in your account, you can take a loan from NYSLRS. If you … to see the available self-service loan features. By Mail: Print a loan application from our Forms page and mail your completed and notarized application to NYSLRS. …
https://www.osc.ny.gov/retirement/publications/1517/borrowing-against-your-contributionsState Agencies Bulletin No. 1657
… be affected. Employees with more complex tax profiles, two income families, and employees with multiple jobs may be more … of tax withheld from their paychecks. The IRS Withholding Calculator or other withholding calculators can help … Employees will need the previous year’s personal income tax return in order to maximize the benefit provided …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1657-federal-withholding-change-tax-year-2018State Agencies Bulletin No. 1799.1
… is to inform agencies of changes in certain garnishment deduction amounts, or in some instances, garnishments no … of garnishments (creditor garnishments) and New York State tax levies. Affected Employees Employees who have a writ of … or New York State tax levy are affected. Background The Federal Consumer Credit Protection Act (Title III) (CPPA) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/17991-update-general-deduction-rules-writs-garnishments-and-new-york-stateMessage from the Comptroller – 2022 Financial Condition Report
… factors, including the conflict in Ukraine, continued global supply chain disruptions, and high rates of inflation. …
https://www.osc.ny.gov/reports/finance/2022-fcr/message-comptrollerState Agencies Bulletin No. 761
… as claiming tax-exempt from Federal withholding and does not provide a new Form W-4 by February 15, 2008, the … as claiming tax-exempt from State withholding and does not annually provide a new IT-2104-E, the agency must …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/761-claiming-exempt-federal-andor-state-tax-withholdingState Comptroller Thomas P. DiNapoli Statement on New State Budget
… “The budget includes significant new resources from federal aid and from tax increases. Higher personal income tax rates on … is essential to putting New York’s fiscal house in order. “My office’s full analysis of the enacted state budget will be …
https://www.osc.ny.gov/press/releases/2021/04/state-comptroller-thomas-p-dinapoli-statement-new-state-budgetState Agencies Bulletin No. 1676
… or in some instances, garnishments no longer being taken for employees due to new general deduction rules for calculating new and existing writs of garnishments … of $10.40/hr. Due to the new 2018 regional minimum wage increases for Long Island/Westchester ($11.00/hr) and New …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1676-new-general-deduction-rules-writs-garnishments-and-new-york-state-taxDiNapoli Op-Ed in Crain's New York Business
… Crain’s New York Business published an op-ed from New York State Comptroller Thomas P. DiNapoli today on the need …
https://www.osc.ny.gov/press/releases/2022/04/dinapoli-op-ed-crains-new-york-businessState Agencies Bulletin No. 775
… Purpose To advise agencies of tax-related changes for 2008. Affected Employees Employees meeting the criteria as explained in this bulletin Effective Date(s) … for 2008 under the cents-per-mile rule to compute the value of personal use of a vehicle provided to an employee is …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/775-summary-tax-related-changes-2008State Agencies Bulletin No. 1799
… is to inform agencies of changes in certain garnishment deduction amounts, or in some instances, garnishments no … of garnishments (creditor garnishments) and New York State tax levies. Affected Employees Employees who have a writ of … or New York State tax levy are affected. Background The Federal Consumer Credit Protection Act (Title III) (CPPA) …
https://www.osc.ny.gov/state-agencies/payroll-bulletins/state-agencies/1799-update-general-deduction-rules-writs-garnishments-and-new-york-state